We Are the World Thomas C Schleifer, Ph.D. The construction industry functions in a world economy beyond our national borders. The United States is the 2nd largest importer of building construction materials in the world, importing most of it from China, South Korea,...
Firing Up the Team Thomas C Schleifer, Ph.D. Successful construction professionals build a team in four successive steps: 1. Recruit 2. Train 3. Motivate 4. Retain. This week we’ll take a closer look at motivation. Many in our industry are tough, hands-on personality...
Managing Working Capital Thomas C Schleifer, Ph.D. As we noted last week, the primary cause of construction business failure is running out of money. Why when contractors run out of money is it so often a surprise? Financing Growth American industry is addicted to...
In The Eye of the Beholder Thomas C Schleifer, Ph.D. Wall Street investment advisors are beginning to act like contractors. Hedge fund managers now value tech companies based on a multiple of future revenues rather than a multiple of past earnings. Revenues trump...
SIZE MATTERS Warren Buffet once famously said: “I buy expensive suits… They just look cheap on me.” In this disrupted, unpredictable market of 2022, project selection may be the most important decision construction senior management will make. Last...
BOOM AND BUST Subject: construction market cycles The construction recession is finally over and boom times are upon us once again. Everyone is signing new contracts and business plans are bursting at the seams. And this is even before the Republican administration in...
